Facebook is one of the biggest sources of traffic online these days. The only website that is bigger is Google. Facebook subscribers lately passed the 500 million mark. This means that there are half a billion people on facebook that could potentially make you profits. In this short post I am going to reveal my 5 top ways to make cash with Facebook.

You can submit status updates. Each time you update your status all of your people would see it. So if you had a website or an offer you want to generate traffic to, you just post a status update containing a link to your offer or website and lots of your friends will click on it. Just think how many people will be able to click on your links if you had a friends list of thousands. You are able to make a lot of money just doing this every few hours.

Creating groups related to your offer or product. Creating a group related to a product that you are promoting or your website could be a good way to make money online. Having a huge group of members interested in your product or website, means that you have a big list of people ready to buy. You can message them whenever you want. You can send messages promoting your products and your sites. If you create value on your groups you can build a good relationship and make good money on Facebook.

Build viral fan pages for long term profits. Almost like facebook groups, you can create fan pages for a business or for any topic that you think other people would like. After this you only need to get loads of fans for your page and then the sky is limit on how you want to make money with your page. You can post a link to your group’s wall and everyone would see it and hopefully click on it. Fan pages also let you insert website code, so you can build your list or get people to your products on your fan page.

Have a go at facebook ads for lots of money fast. Facebook ads are almost like Google ads, but a lot better. You can create any ads you want and then pay facebook to display them for you, making you quick money. You can easily target your ads in lots of different ways so conversions for this traffic is very high.

Promote other people’s pages for extra money. There are websites online where you people will pay you to promote their pages or groups. This way you can make money just posting updates on your wall. This is an excellent way to earn extra cash, especially if you have loads of facebook friends.

As you can observe there are heaps of different ways to make money online with facebook. Lots of big businesses as well as thousands of online marketers are already tapping into facebook for big profits. It doesn’t matter if you are new to facebook, new to internet marketing or new to the internet for that matter, you can still make lots of money on facebook.

The Writer is an online marketer and software package vendor with several years of experience in affiliate marketing.

Author's Bio: 

Software programmer and internet marketer specialized in websites promotion and online marketing software.